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Featured local agent — Menlo, IA

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Sarah Mitchell

CNESRESABR

Compass Real Estate · Menlo, IA

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Menlo, IA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Menlo, IA Housing Market & Real Estate

Leaning buyer's

Housing market overview · Updated monthly ·

$180,500median sale price

How is the Menlo, IA housing market right now?

The median home sale price in Menlo, IA is $180,500. Homes sell in an average of 125 days. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of January 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Menlo a buyer's or seller's market?

Leaning buyer's125 avg. days on market

Menlo, IA is currently a leaning buyer's and homes selling in about 125 days. How we determine this →

Homes sold

2

Last 12 weeks

Days on market

125

Average pace

Active listings

Sale-to-list

99.1%

Below asking

What does the Menlo housing market data show?

Current housing market statistics for Menlo, IA
MetricValue
Median sale price$180,500
Average days on market125 days
Sale-to-list price ratio99.1%
Median price per sq ft$129/sq ft
Homes sold (latest month)2
Market conditionLeaning buyer's

Source: Redfin · Updated monthly

How much do homes cost in Menlo by property type?

How the Menlo, IA market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Menlo, IA
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$180,500$129/sq ft2125 days

Source: Redfin · Updated monthly

The Menlo housing market is currently classified as a leaning buyer's with a median sale price of $180,500. Prices have fallen 0.0% compared to last year, with homes spending an average of 125 days on market.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.0x provides context for how home values compare to local earning capacity.

Homes for sale in Menlo

Explore homes currently listed for sale in Menlo, Iowa across major real estate platforms.

Sale-to-list:99.1%

Who lives in Menlo?

Population

355

Median income

$78,333/yr

Median age

46.1 years

Owner-occupied

90.4%

College grads

8.6%

Avg commute

22.7 min

Source: U.S. Census Bureau ACS

What are homes worth in Menlo?

Zillow home value

$236,376

Price-to-income

3.0x

Source: Zillow Research

What is it like to live in Menlo?

Menlo is a community of approximately 0K residents with a median age of 46.1 years.The median household income is $78,333, which reflects a relatively affluent area with strong earning potential. 8.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 90.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Menlo offers a balanced lifestyle with accessible home values relative to local income levels.

Which cities are near Menlo, IA?

Want a head-to-head view? Compare Menlo side-by-side with any other U.S. city using our market-comparison tool.

Frequently asked questions

What is the average home price in Menlo?

The median home sale price in Menlo is $180,500, down 0.0% from last year.

How long do homes stay on market in Menlo?

Homes typically spend 125 days on market before going under contract.

What is the median income in Menlo?

The median household income is $78,333 per year.

What is the Zillow home value estimate for Menlo?

The Zillow Home Value Index (ZHVI) for Menlo is $236,376, representing the typical home value in the area.

How much does a single-family home cost in Menlo?

The median single-family home price in Menlo, IA is $180,500 (about $129 per square foot).

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